Remuneration Report

Interests of directors in shares in the company

 Notes 2008 2007
Executive Directors
Andrew McIver
 1 1,158,197 301,031
Dave Hobday
 2, 8 629,886 119,389
Jim Wilkinson
 - - -
Mark Blandford
 7 - 12,480,173
Non-Executive Directors
Peter Dicks
 3 465,859 170,440
Sean O'Connor
 4 461,265 197,848
Brian Harris
 5 263,010 136,593
Nigel Payne
 6 176,398 176,398
Bob Holt
 7 - 90,440
  1. Andrew McIver received an interest in 50,000 shares on 1 August 2007 and 75,000 shares on 23 October 2007, following releases of awards under the 2005 Share Plan, of which 17,994 shares and 30,750 shares respectively were sold to meet the resulting tax liability. He received an interest in 1,136,364 shares on 23 October 2007, following the release of an award under the 2006 Share Plan, of which 553,182 shares were sold to meet the resulting tax liability. He received an interest in 66,666 shares on 23 October 2007, following the release of a share based performance award, of which 32,454 shares were sold to meet the resulting tax liability. He elected to take part of his annual discretionary bonus as shares, resulting in an interest of 202,919 shares, of which 83,197 shares were sold to meet the resulting tax liability. He purchased 100,000 shares on 29 January 2008.
  2. Dave Hobday resigned as a Director on 8 May 2008. He received an interest in 40,000 shares on 1 August 2007 and 60,000 shares on 23 October 2007, following releases of awards under the 2005 Share Plan, of which 14,396 shares and 24,600 shares respectively were sold to meet the resulting tax liability. He received an interest in 909,091 shares on 23 October 2007, following the release of an award under the 2006 Share Plan, of which 442,546 shares were sold to meet the resulting tax liability. He received an interest in 16,666 shares on 23 October 2007, following the release of a share based performance award, of which 8,114 shares were sold to meet the resulting tax liability.
  3. Peter Dicks purchased 50,000 shares on 1 February 2008 and 119,000 shares on 27 March 2008. He received an interest in 126,417 shares on 31 July 2008 forming part of his Non-Executive remuneration.
  4. Sean O’Connor purchased 50,000 shares on 30 January 2008 and 100,000 shares on 10 June 2008. He received an interest in 126,417 shares on 31 July 2008 forming part of his Non-Executive remuneration.
  5. Brian Harris received an interest in 126,417 shares on 31 July 2008 forming part of his Non-Executive remuneration.
  6. Nigel Payne received an interest in 75,000 shares on 23 October 2007, following the release of an award under the 2005 Share Plan and an interest in 33,333 shares on the same date following the release of a share based performance award, all of which he subsequently gifted. He also received an interest in 126,417 shares on 31 July 2008 forming part of his Non-Executive remuneration, all of which he subsequently gifted.
  7. Resigned as a Director of the Company on 31 January 2007.
  8. 2008 shareholding stated at the date of resignation.